26 C
Saturday, October 31, 2020

Take Charge Of Your Credit

- Advertisement - data-full-width-responsive="false">

There’s just no way around it, unless you have a secret stash with thousands of dollars hidden somewhere or happen to be lucky enough to inherit a fortune, you’re going to need to buy some things with credit.

- Advertisement -

You should know your credit score. A loan company will check your credit score anytime you apply for a loan to use for higher education, a car, or home.

A number between 300 and 800 is determined by analyzing your credit files. The higher your score, the better your chances are that a loan will be approved. It also determines the amount of interest you pay.

Your credit score is increasingly being used by insurance companies to decide if they will give you coverage and if so, the amount you will pay for home and auto coverage.

Landlords use the score to determine how much of a security deposit they will require. Cell phone companies check your score when setting up a payment plan or to include a deposit.

Utilities checking your credit score may ask for a deposit, so you see how important knowing your score can be.

The FACT Act (Fair and Accurate Credit Transaction Act) passed in November of 2013 allows consumers to request a free credit report once every 12 months.

That is really helpful, but you still need to keep an eye on it the rest of the year. There are companies that will monitor your report daily and contact you when changes are made. They’ll even help you decipher the sometimes confusing report.

Your credit report will show your credit history. It does not include a credit score. It will include your identifying info like name, address, and social security number.

Companies you owe money to will report on time and late payments, credit limits, and balances.


Find a company that will monitor your report and send you alerts if someone tries to open an account in your name. This is a fantastic way to stop hackers and identity thieves in their tracks.

Keeping up to date on you credit is essential to your family’s financial well-being.

Kingsley Felixhttps://kraftysprouts.media
Based in Port Harcourt, Nigeria. I am the founder of Krafty Sprouts Media, LLC (US), i make sure thing run smoothly and well organized in our organization. Follow me on my social media platforms.
- Advertisement -

Trending Now

10 Mobile Phones Using Fingerprint Technology

We are in the 21st century where technology is at its best and it’s improving with each dawn. With that in mind, experts are...
- Advertisement -

10 Best Places to Download Bollywood Movies

Do you spend hours watching Bollywood movies as I do? Have you been in search of the perfect sites to download the...

Startimes Subscription Prices, Packages and Channels List in 2020

StarTimes Nigeria is one of the popular cable TV providers in Nigeria. This service is a subsidiary of a Chinese based company...

GB WhatsApp, WhatsApp Plus and OG WhatsApp Tips and Tricks

Checkout the new GB WhatsApp Tutorial. Hello, welcome to WhatsApp Plus, OG WhatsApp and GB WhatsApp tips and tricks. For the sake of this article,...

GOtv Error Codes: How to Clear and Resolve GOtv Errors

If you are a GOTV user, you have probably encountered one or two GOTV errors, and these errors are preventing you from...

7 Best Offline Racing Games for Android Users in 2020

Are you a real gamer? If you are one, then you will know how exciting it can be to experience the adrenaline rush that...

StarTimes Customer Service Contact and Simple Error Fixes

StarTimes has fast become one of Nigeria's most used cable or digital Pay Tv. Despite its vast customer reach, the company has...

15+ of the Best Tecno Phones to Buy in 2020 [Updated]

We are almost halfway through the year and many phones have been released by Tecno Mobile and we have assembled a list of the...

New GOtv Packages, Channel List and Price for 2020

GOtv and DStv are both owned by Multichoice, and there's no arguing the fact that they have proven to be the largest...

Best Low Size PC Action Games For Your Old PC/Laptop With Low Specs

Gaming time is one our favorite time and nothing beats the ability to play high-quality games on our PCs but like some of our...

5 Best Under 15,000 Naira Smartphones in Nigeria

Smartphones are currently like the way of life today, and everybody needs one of them devices. The need to stay up to...
- Advertisement -

Related Posts

Best Bitcoin Wallets You Should Use for Storing Your BTC

As technology, trends, and values ​​change daily, keeping up with the latest best practices is often difficult. One of the most important...

7 Benefits of Migrating to Magento Platform for a Successful E-commerce Web Store

Multi-tasking and strategizing are the most important things that must be tackled by the people in ecommerce platform. Strong foundation is required to handle various...

Top 10 Cryptocurrency Alternative to Bitcoin

Bitcoin could still be considered the leading cryptocurrency, on which many other alternative cryptocurrencies operate. But with more than 1,300 different cryptocurrencies...

Stanbic IBTC Mobile Banking App: Features and Download Link

Stanbic IBTC mobile app has similar functionality to the GTBank mobile app, FCMB mobile app, Zenith bank mobile app, Eco Bank mobile...

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.